Rental Reduce Letter Sample From Landlord To Tenant: Fill & Download for Free

It’s an unfortunate aspect of humanity that if you sample a large enough group or number of humans, you will eventually encounter those who will push boundaries, just to see what happens. Unfortunately for you, you seem to have gotten a ‘first-pitch curveball’.Here’s what I suggest, in very general terms:First, whenever I’m advising my property managers about stuff like this, I always tell them to ‘plead small memory’ and ask people to ‘send me something in writing’ — I usually advise something like “I’m sorry, I have so many things on my mind today, could you send me an email (or letter, etc) about that”. This has several benefits: a) it creates a ‘workflow’ for you as a landlord, b) it scares off a great many problems (lots of people can’t be bothered to write something down, and my attitude is: if you can’t spend 5 minutes writing it down, it’s likely not important), c) it forces the Tenant to actually reduce their thoughts to writing, and that crystalizes matters, d) it creates a paper trail, so everyone knows what you’re talking about, e) it gives you an opportunity to calmly and rationally address matters, in a recorded fashion.Second, deal with these types of issues in a balanced way — most especially be calm yourself while you address this type of stuff. (This is sort of like the advice you get about ‘not being angry when you email at the office’ and/or ‘thinking twice before you hit reply-all’). Be calm when you address your tenants issues, take your time, draft something and leave it for a few hours before you send it, don’t let anyone get under your skin, etc.Third, having received the type of email or request that you have, I’d fall back upon two important Landlord rules (in specific order): a) there’s no reason for you not to pay your rents — ever! — so you’ve got to do that no matter what, and b) if you have legitimate concerns about issues, then we’ll deal with those separately. (then, if their concerns are legitimate, deal with them; and if they are not, learn to say no.)(For example, you say they “are trying to Blackmail me … about stuff that didn’t happen” — My response to them would be: a) send me an email (this creates evidence of their allegations, and potentially, later, proof of their Blackmail, and b) then: What is your evidence for your claims? ie the “stuff that never happened”.)Finally, learn to say: NO. “No, I’m sorry, I’m not going to give you a new kitchen, I’ll be doing that after you move out and in conjunction with a large rents increase”, “NO, I’m not going to rush over because you broke the doorknob again”, “NO, I’m not going to give you a break from the fee I’m charging you because you lost your keys” — learn to say NO.The world is full of people who will test boundaries at every given opportunity — some of these humans are Tenants. Landlording is an extremely ‘human’ experience; you will meet all kinds. You just met the kind that will test boundaries.

See this Find More Info right now if you want to see any Buying a House/Flat In India examples. It covers Buying a House/Flat In India detaily.Buying a property buying a house Or flat in India a one time decision for many. Its a moment when you are excited, stressed and many a times in hurry!. You look at some properties and one of those properties give you that feeling of “that’s my dream home”. You get attached to something special about buying a house Or flat in India property and every other aspect looks fine to you. On top of it, you feel you want to block buying a house Or flat in India property as soon as you can and get into buying a house Or flat in India process of arranging for booking money, down-payment and finalizing home loan.But, its not buying a house Or flat in India time to rush, but slow down. You should step back for some time and calm down yourself because its a decision which will impact your overall family, life and finances. And you should not be regretting it later.Just like a detective investigates a case and goes deep down analyzing a situation and then comes up with a conclusion, you should also do some important investigations before you finally take decision of buying a property. So we have come up with 10 things you should look at and think hard about them. These 10 points can also become a comparison tool for you to compare two or more properties, which we will look at in buying a house Or flat in India end, but before that lets see what are those 10 parameters you should investigate before buying a property10 things to check before buying a home or Property in India1. Goodwill of buying a house Or flat in India Builder and overall BrandBefore you buy a Property, its important to have a look at buying a house Or flat in India builder profile and his overall history. How many projects he has already delivered, How much delay was there, Go to te website of builder company and check old projects and ongoing projects. Search on internet with buying a house Or flat in India previous project name and you should be able to find some important information about it. See what people are talking about buying a house Or flat in India builder and property.2. Connectivity to your Work PlaceAn important parameter to look at before buying a property buying a house Or flat in India buying a house Or flat in India distance between your workplace and buying a house Or flat in India property. Its something you have to deal with everyday. A property which buying a house Or flat in India 3 km away from your workplace buying a house Or flat in India very different from buying a house Or flat in India property which buying a house Or flat in India 12 km from your workplace. Long Distance might mean inflated fuel cost, time lost in travelling and getting frustrated and burning out each and every day for many years to come.3. Connectivity to Schools, Hospitals, Transport, Markets etcYou should check how far are schools, colleges, hospitals, markets , shopping places and bus/train stations from buying a house Or flat in India property. It should not happen that to save buying a house Or flat in India money on property, but then spent on travelling your kids every day to school. The access to other important places buying a house Or flat in India also very important.4. Resale Potential in FutureWhen we buy a property, we are attached to it thinking that we are going to live there for next few decades, but no one known when you would be packing your bags again to move to some different location because of various reasons. At that time, if you realize that buying a house Or flat in India property was suitable for you, but not to someone else, its going to be very bad situation. So you also have to think about buying a house Or flat in India “resale” potential of property you buy. Will buying a house Or flat in India property appeal to someone else ? Think about it again. For example, you might be looking at buying a house Or flat in India property which has common parking, but what about future at buying a house Or flat in India time of selling , every one you talk to wants a dedicated covered parking ?Also, Most of buying a house Or flat in India people who are buying under-construction properties are very far from core city. So its an important point to check about buying a house Or flat in India future development around buying a house Or flat in India area. Find out whats buying a house Or flat in India future development plan for Roads ,Flyover, proposed malls, and other things which might come up in next 4-6 yrs. If buying a house Or flat in India place buying a house Or flat in India not yet properly connected to main city, there might be future plans for it.5. Rental PotentialA lot of times, people give their property on rent and move to some other location. At that time, if you realise that buying a house Or flat in India property buying a house Or flat in India not that attractive from rental point of view, you will regret your decision. I am not saying this buying a house Or flat in India going to be a deciding factor in your decision, but still just keep it in mind and have a look at property from this view point only. If property buying a house Or flat in India near colleges or centrally located, or close to commercial places, you will never find issues finding people to rent your property.6. Air & LightingAir and Lighting buying a house Or flat in India something which will determine your living experience on daily basis. The flat you live in should have good enough lighting (natural light) and proper air. Also you should check how buying a house Or flat in India air flows from various angles. In my current flat, buying a house Or flat in India way wind flows buying a house Or flat in India amazing. So when you look at property, check if some other buildings are blocking buying a house Or flat in India air and lighting or not. Which side buying a house Or flat in India terrace or balcony faces and buying a house Or flat in India view outside.7. Amenities OfferedYou should also check what kind of amenities are offered along with property. Things like club house, parking, lift, power backup, swimming pool, gym are some of buying a house Or flat in India amenities. Now you might be a simple person who wants minimal things, but if you want to make sure buying a house Or flat in India property has very good resale potential, you might want to look at these things. After all, all these things will matter to you or people connected to you and if not anyone, may be buying a house Or flat in India next buyer from you will look at all this.8. Construction QualityWhen you go to look at properties, check buying a house Or flat in India construction quality. What we mean by it buying a house Or flat in India check buying a house Or flat in India walls, their overall look and feel, how buying a house Or flat in India buying a house Or flat in India finishing done, Does it look premium or buying a house Or flat in India paints look like as if it will come out very soon. Check buying a house Or flat in India wiring, fitting, tiles quality etc etc. If its a under-construction project, buying a house Or flat in India only option you have buying a house Or flat in India to search on internet about buying a house Or flat in India builder and its past project experiences and what previus buyers are saying about it . Just put builder name or any previous project name along with “+ construction quality” words on google and you will be able to get some ideas – like this project in chennai9. Road Conditions Around PropertyI saw one property which was a little inside buying a house Or flat in India main road. The road was not straight , but was in zigzag fashion and was not that wide. It was a inside road and not buying a house Or flat in India main road, so there was no future potential of getting better road. Travelling each day with same road will frustrate you in long run, but might not be on daily basis. Also its not that safe in night. So when you look at any property, check buying a house Or flat in India overall roads conditions atleast upto 500 meters from buying a house Or flat in India project.10. Locality and Kind of people living aroundYou should also check buying a house Or flat in India overall locality and who all are living around. Are you comfortable there, will your family be ok ? Will it be safe in night ? will you wife/mother be able to go on a walk for an hour in-case they wish to ? These are some questions you need to answer before buying buying a house Or flat in India property.Compare two or more properties based on these 10 parametersIf you look at these parameters, it can be a great benchmark points to compare two or more properties and come at buying a house Or flat in India conclusion of which one to prefer over another. So I have created a simple excel based tool, which has these 10 parameters and you can choose up-to 4 properties and compare them on these parameters. It will give you a ranking based on your comparison and tell you which property scores over another. buying a house Or flat in India tool will also point out which buying a house Or flat in India buying a house Or flat in India best option to explore as you keep running buying a house Or flat in India tool. Below buying a house Or flat in India a simple demo of buying a house Or flat in India tool, you can download it for FREE.9 Important Things to Remember Before Buying FlatsProperty Price:The first step in selecting a house or a flat buying a house Or flat in India to fix a budget. It makes it easier to shortlist a house if you know how much you are willing to spend on it. Compare buying a house Or flat in India price of buying a house Or flat in India property in question with buying a house Or flat in India ones surrounding it from various builders to get an idea if buying a house Or flat in India builder has offered you a genuine quotation. There are many ways where you can get a comparative of properties in buying a house Or flat in India area you are looking. Portal listings, brokers of buying a house Or flat in India area or newspaper listings are such sources.Flat’s Carpet Area:Usually, a property’s area or buying a house Or flat in India super built-up area that buying a house Or flat in India listed buying a house Or flat in India buying a house Or flat in India entire area including shafts, elevator space, stairs, thickness of walls and others. However, carpet area buying a house Or flat in India buying a house Or flat in India actual area within buying a house Or flat in India walls of buying a house Or flat in India flat. This are can be 30 per cent lesser than buying a house Or flat in India built-up area or buying a house Or flat in India area used to calculate buying a house Or flat in India price of buying a house Or flat in India property. In some cases, when a floor buying a house Or flat in India shared between two owners, buying a house Or flat in India price of buying a house Or flat in India common spaces are shared between buying a house Or flat in India two.Find EMI Using: Home Loan CalculatorLand Record:The land on which your flat buying a house Or flat in India built buying a house Or flat in India very crucial. You must research about buying a house Or flat in India soil quality and topography of buying a house Or flat in India land on which buying a house Or flat in India house buying a house Or flat in India constructed. The plot should also be clear of all dues and be registered. Before buying a house, buying a house Or flat in India title deed must be verified and checked in detail. The deed gives all details on buying a house Or flat in India rights, ownership and obligations towards buying a house Or flat in India property.Legal Check of Property:Ensure buying a house Or flat in India property buying a house Or flat in India legally authorized to be constructed on buying a house Or flat in India plot it stands on. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards and Municipal Corporation. However if you are taking a home loan, buying a house Or flat in India concerned bank will validate your property documents before loan sanction.Apartment Possession:It has become a trend of delayed possessions of flats owing to delay in commercial and residential plans. As a buyer, you should have a clear estimate of buying a house Or flat in India timeline for possession. Usually, a developer ask for a six-month grace period, however there should be a valid explanation for buying a house Or flat in India same.Financing Banks:You should be aware of buying a house Or flat in India banks that are willing or not willing to finance certain builders. Owing to a bad reputation, some banks do not offer loans to some builders. So, it buying a house Or flat in India very important that you check with buying a house Or flat in India banks that are filling to fund buying a house Or flat in India project you are planning to invest on.Builder-Buyer Agreement:When you select a flat or house of your choice, you can book buying a house Or flat in India same by giving a token amount, in return of which you get an allotment letter. Then, a tripartite agreement buying a house Or flat in India entered upon between buying a house Or flat in India buyer, buying a house Or flat in India bank and buying a house Or flat in India builder for buying a house Or flat in India rest of buying a house Or flat in India amount. This agreement should be read and understood in detail before signing it. All buying a house Or flat in India clauses must be clearly understood and if any doubts, should be raised at this point itself.Location of buying a house Or flat in India Flat:Not to forget, it buying a house Or flat in India important to look around buying a house Or flat in India area where you are going to be eventually residing in. The amenities, physical infrastructure and reach to all buying a house Or flat in India basic places are important to be analysed. These factors will help you have a peaceful living in buying a house Or flat in India house. The flat should be in a safe and secure place, offering some security to families living in buying a house Or flat in India flat.Hidden and Additional Charges:Ensure that all buying a house Or flat in India clauses of buying a house Or flat in India documents are read in detail and penalty clauses be understood. The builder buying a house Or flat in India required to pay you a monthly penalty in case you do not receive buying a house Or flat in India flat’s possession within buying a house Or flat in India grace period. Additional expenses such as GST, stamp duty, home loan processing fee, registration charges and all other charges should also be kept in mind.Anuj Puri, Chairman, ANAROCK Property Consultants says, “Lower floors don’t offer much privacy especially if your building buying a house Or flat in India located near buying a house Or flat in India main road or a busy area. If buying a house Or flat in India housing complex buying a house Or flat in India in a congested area, a higher floor buying a house Or flat in India likely to be quieter and more peaceful.”2. Fire safetyWhen you buy a flat on a higher floor, fire safety can be an issue. Here, you must know that any apartment's fitness for occupancy can be gauged by whether it has been granted an ..Girish Agarwal, 45, has been trying to sell his house since February. He had bought buying a house Or flat in India property five years ago thinking real estate prices would continue to rise at a fast pace. After struggling to find a buyer, he recently reduced buying a house Or flat in India asking price. Still, there are no takers."Brokers say buying a house Or flat in India sale may take some time as buying a house Or flat in India market buying a house Or flat in India going through a slowdown," he says.This buying a house Or flat in India not buying a house Or flat in India only issue he buying a house Or flat in India grappling with. He buying a house Or flat in India still to get buying a house Or flat in India possession letter from buying a house Or flat in India builder as buying a house Or flat in India project has not got environmental clearances yet. The scenario was not so bleak when Girish had bought buying a house Or flat in India property in 2010. Prices then were rising at a fast clip, making real estate one of buying a house Or flat in India most sought-after investments. Things would not have been so difficult if he had not taken a loan to buy this property.He also has to pay equated monthly instalments, or EMIs, for buying a house Or flat in India house where he buying a house Or flat in India living at present. With a major portion of his salary going towards paying EMIs, his finances are stretched. He wants to dispose of buying a house Or flat in India second house as soon as possible. There are thousands of people like Girish who, in buying a house Or flat in India hope of making a quick profit, buy a property without understanding their needs. Surabhi Arora, Associate Director, Research at Colliers India, says, "Property transactions take time. Do not equate real estate with buying a house Or flat in India stock market in terms of exiting."APPROVAL AND LICENCES: Once you zero in on buying a house Or flat in India property, check buying a house Or flat in India builder's paperwork ranging from commencement certificate for work, environmental clearance and approved building plans.Also ask for buying a house Or flat in India status of buying a house Or flat in India land title and see if buying a house Or flat in India builder has bought buying a house Or flat in India land or has just development rights for it. Here buying a house Or flat in India a list of documents you should check. (a). Title Deed: Check whether buying a house Or flat in India builder has a right over buying a house Or flat in India prope rty. While buying a plot, see buying a house Or flat in India title deed of buying a house Or flat in India land to confirm if buying a house Or flat in India builder has buying a house Or flat in India full right to it. You can also take help from a lawyer to get buying a house Or flat in India deed examined. Divakar Vijayasarathy, says, "A mere NOC (no-objection certificate) from buying a house Or flat in India panchayat or buying a house Or flat in India local body does not constitute approval by buying a house Or flat in India authority." (b). Release Certificate: If you are buying a property in resale, remember that it may have been pledged to get a bank loan. In such a case, you will have to get a release certificate from buying a house Or flat in India bank, which will prove that buying a house Or flat in India loan on buying a house Or flat in India land has been repaid. Check Encumbrance Certificate: It buying a house Or flat in India also important to verify that buying a house Or flat in India land buying a house Or flat in India free from all legal dues. (c). Verify land use: Verify buying a house Or flat in India land-use zone as per buying a house Or flat in India city master plan for buying a house Or flat in India plot. You can get buying a house Or flat in India plan from buying a house Or flat in India local body office in your respective city. (d). Approvals by Local Body: Make sure that buying a house Or flat in India entire layout has been approved by buying a house Or flat in India development corporation and buying a house Or flat in India local body of buying a house Or flat in India city. (e). Property Tax Receipts: If you are buying a property in resale, ask for previous property tax receipts from buying a house Or flat in India seller along with other bills. This way you can ensure there are no pending bills.LIST OF BANKS FINANCING THE PROJECT: With real estate companies sitting on unsold inventory and not having enough cash to complete their projects, banks have become vary of financing them. There are many builders which do not get bank loans at all. So, once you finalise buying a house Or flat in India property and confirm that all approvals are in place, find out banks which are ready to fund buying a house Or flat in India project and go with buying a house Or flat in India one offering you loan at buying a house Or flat in India lowest rate.CALCULATE THE TOTAL COST: Do not go by what buying a house Or flat in India broker tells you. Many times brokers just mention buying a house Or flat in India basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which escalate buying a house Or flat in India total cost. Ask for buying a house Or flat in India final cost of buying a house Or flat in India property.VERIFY THE BUILDER: The piece of land in question may be under litigation. Hence, it buying a house Or flat in India recommended that you do an extensive verification of buying a house Or flat in India builder. You could verify its past or current projects or even post queries on buying a house Or flat in India various online real estate forums.BUY VS RENT: Many people buy a property thinking they will use rent to pay EMIs. Experts say it buying a house Or flat in India a wrong approach. Surabhi says, "Do not over-leverage in hope that rental income will pay for buying a house Or flat in India EMI. The rental yield on residential properties buying a house Or flat in India generally only 2-3 per cent." Moreover, buying a house Or flat in India property may remain vacant for months before you can find a tenant.THE RIGHT PLAN: There are various payment options available in buying a house Or flat in India market such as down-payment plan, flexi-payment plan, construction-linked plan and possession-linked plan. Experts say one must choose carefully, as generally there buying a house Or flat in India a cost for every convenience. For example, in subvention schemes, buying a house Or flat in India price buying a house Or flat in India at least 10 per cent higher than what buying a house Or flat in India charged under regular schemes. Customers must also understand that any late payment or default on buying a house Or flat in India part of buying a house Or flat in India builder in such schemes will impact their credit history. Then, there are guaranteed rental schemes under which buying a house Or flat in India developer either pays you rent for a fixed period during construction or for a certain period after possession. In buying a house Or flat in India first scheme, buying a house Or flat in India buyer gets regular payments from buying a house Or flat in India developer during buying a house Or flat in India construction of buying a house Or flat in India house, which helps him offset a part of EMI or rent costs. In buying a house Or flat in India latter scheme, generally for properties which are outside city limits, buying a house Or flat in India developer offers rental income after possession. But buying a house Or flat in India fine print buying a house Or flat in India that there buying a house Or flat in India no guarantee.SIZE OF THE APARTMENT: Builders generally mention super built-up area in brochures. This includes common areas such as staircase, lobby, etc. The carpet area of buying a house Or flat in India flat could actually be 30 per cent less than buying a house Or flat in India super built-up area. For example, a two-BHK 1,000 square feet flat could actually be just 700-750 square feet. It buying a house Or flat in India advisable to always go by buying a house Or flat in India carpet area, buying a house Or flat in India area enclosed within walls. Divakar says, " If you are looking to buy a plot for living at a later stage, it buying a house Or flat in India advisable to first understand your requirement. Ensure that you check how much land (built-uparea) you will need to build your dream home. Topography and soil are buying a house Or flat in India other vital factors."CHECK THE INFRASTRUCTURE PLANS: Metro connectivity or any other big infrastructure development in future linked to buying a house Or flat in India location of buying a house Or flat in India property you intend to purchase can boost buying a house Or flat in India return on investment tremendously. Also, ensure that buying a house Or flat in India property buying a house Or flat in India not close to any polluting industry.CHECK THE SITE: The layout in buying a house Or flat in India brochure could be different from buying a house Or flat in India reality. So, do a thorough site visit before booking buying a house Or flat in India property. Interact with people in buying a house Or flat in India neighbourhood as they may know about any illegal occupation or other legal disputes related to buying a house Or flat in India property.REGISTER YOUR PLOT: After selecting buying a house Or flat in India property, you have to register it with buying a house Or flat in India authority concerned for you to become its lawful owner. Surabhi says,"Through registration of sale deed, a person buying a house Or flat in India able to acquire buying a house Or flat in India rights of buying a house Or flat in India property from buying a house Or flat in India date of buying a house Or flat in India execution of buying a house Or flat in India deed."Last, but not buying a house Or flat in India least, do some research about buying a house Or flat in India developer's record in terms of total square feet developed, market feedback and project delays. Also, check buying a house Or flat in India quality of its previous projects. Divakar says, "Be sure to search for any contingencies which may hinder buying a house Or flat in India development of buying a house Or flat in India property. For this, you can probably refer to or participate in various online real estate forums.Well! If you are planning to buy a property and you are on buying a house Or flat in India way to hunting a house, means you have achieved a great victory in life. Because buying buying a house Or flat in India right property buying a house Or flat in India not a small deal, it buying a house Or flat in India one of buying a house Or flat in India biggest achievements in life. Something you must have been dreaming about for years maybe!Different people have different reasons to buy a house, these reasons usually strongly influence buying a house Or flat in India shortlisting process. You may want to buy a house because you are living in a rented apartment, or your current house buying a house Or flat in India small and you want to upgrade to a bigger space. Or maybe you are seeking out a second home as an investment for future gains like rent, resale, etc.But before you move ahead with your final decision, let’s figure out certain important factors which you should consider while buying buying a house Or flat in India right property. Something which can help you make a rational decision rather than an irrational one.The Requirements Before Buying buying a house Or flat in India Right PropertyBefore hurrying on to buying a house Or flat in India process, buying a house Or flat in India first and buying a house Or flat in India foremost thing you must ask yourself buying a house Or flat in India, “why do I need to buy buying a house Or flat in India house?”, “Why not rather rent an apartment?” Because buying a house Or flat in India return on rent buying a house Or flat in India usually more beneficial than a home loan, in which you will have to pay buying a house Or flat in India interest on buying a house Or flat in India principal amount of around 8 to 9%. Or buying a house Or flat in India it? Due to buying a house Or flat in India insecurity or buying a house Or flat in India pressure from buying a house Or flat in India landlord, that you are taking this decision as he won’t let you have buying a house Or flat in India freedom to make lifestyle changes in your house or buying a house Or flat in India fear that he can ask you to vacate any time, has compelled you to go for your own house.If not that, then based on your circumstances how soon you want to move into buying a house Or flat in India new house? Ask these questions as it will help you figure out whether you want a ready to move in property or buying a house Or flat in India one under construction. It should not happen that your requirement buying a house Or flat in India to move in within a year but buying a house Or flat in India committed delivery period turns out to be 2 years. Apart from buying a house Or flat in India construction period, you must also be clear with buying a house Or flat in India tentative size and specification you are in need of, 1BHK, 2 BHK, 3 BHK, or above.Once you know buying a house Or flat in India size and specification you require, you can narrow down your search and can also figure out buying a house Or flat in India budget in which you can afford to buy a specific house, which will also make you aware of whether your preferred location buying a house Or flat in India within your reach or not. Apart from that based on these factors you can also figure out various options and offers available from various builders on which you can work out a better deal with buying a house Or flat in India developer.Financial Status of The BuyerThis buying a house Or flat in India buying a house Or flat in India major game changer with most people. It so happens we see a plush property with all buying a house Or flat in India tick off’s like balcony, deck, living space, amenities, etc. We almost finalize it in our mind, but as we sit for negotiation it goes way above our budget. Therefore, it’s very important to have a fixed budget in place.Buying a house buying a house Or flat in India a hefty long-term investment. Therefore, to apply a capping on your budget you must calculate your other expenses like car loans, education fees or loans, monthly incoming v/s outgoing, unforeseen financial requirements, etc.Once you’ve evaluated your financial liabilities you will have a clear picture of buying a house Or flat in India kind of budget range and EMI outgoing, you can afford to pay. Never go over budget as repaying buying a house Or flat in India home loan can turn into a nightmare and you may not be able to enjoy all buying a house Or flat in India plushness and buying a house Or flat in India amenities for which you ended up paying through your nose.Check Developers Reputation & Goodwill Before Buying Right PropertyReal-estate buying a house Or flat in India a hard-selling business off late, though many regulations have been in place, we are still in buying a house Or flat in India phase of organizing, real-estate sector. Therefore, before buying buying a house Or flat in India right property it’s very important you do thorough research on buying a house Or flat in India builder’s profile and dig in through buying a house Or flat in India history of buying a house Or flat in India builder. You can surf online or refer to buying a house Or flat in India developer’s website and draw various insights about buying a house Or flat in India developer’s reputation by looking at his earlier projects which he has delivered so far.You can even check on buying a house Or flat in India status of his current under-construction projects, his goodwill amongst its earlier clients, their reviews and experiences with buying a house Or flat in India developer. This investigation will help you discover buying a house Or flat in India builder’s credibility and reliability for you to make an informed and safe investment.Construction Quality of buying a house Or flat in India PropertyConstruction QualityBefore you get lured by buying a house Or flat in India decked-up sample flat and finalize buying a house Or flat in India deal, check buying a house Or flat in India quality of construction by inspecting buying a house Or flat in India strength of buying a house Or flat in India walls, kind of flooring used, type of color applied, check window frames, buying a house Or flat in India standard of bathroom fittings, etc.Supposing, you are booking an underdeveloped property then check online or if possible, pay a visit on developers’ other properties that he has constructed in recent times. To know more you can even visit buying a house Or flat in India developer’s project which buying a house Or flat in India on buying a house Or flat in India verge of completion and have a walkaround to get a fair idea about buying a house Or flat in India builder’s construction style and quality.Carpet Area of buying a house Or flat in India PropertyCarpet AreaDon’ t fall for buying a house Or flat in India per square foot bait which developers usually use to lure their customers. Builders usually include buying a house Or flat in India construction cost of buying a house Or flat in India lobby, shafts, elevator space, wall thickness, staircase, etc in buying a house Or flat in India pricing and include it in their configuration to increase buying a house Or flat in India per square foot area.This inflated specification buying a house Or flat in India called a super built-up area which buying a house Or flat in India generally 30% of buying a house Or flat in India actual usable area i.e. carpet area of buying a house Or flat in India house. Therefore, check buying a house Or flat in India dimensions of your living room, bedroom, bathroom, kitchen, or balcony in buying a house Or flat in India construction plan to figure out in reality what’s buying a house Or flat in India area you will be getting to use, based on which you can take your decision and also avail a good bargain from buying a house Or flat in India developer.Location & Neighbourhood of buying a house Or flat in India PropertyLocation & NeighborhoodSometimes we may come across a property which has all buying a house Or flat in India specifications and amenities we were looking out for, which would melt your heart. It may even not be as expensive as it seems and somehow fits in your budget. But you must let your mind take over your heart and rationalize your decision by considering various vicinity factors like buying a house Or flat in India ease of accessibility, road conditions, location of buying a house Or flat in India property, kind of amenities, construction quality, locality, infrastructure development, or any future developments like Metro rail, flyovers, schools, markets, hospitals around it to be done.Also, you must consider buying a house Or flat in India neighborhood, buying a house Or flat in India kind of people within and around buying a house Or flat in India property who will be or are already living there. It should not happen that you want to take a stroll with your wife or parents, but you can’t as buying a house Or flat in India property buying a house Or flat in India situated in an unsafe or lonely location. Also, don’t fall for buying a house Or flat in India gimmick as some developers may even quote comparatively high cost by highlighting some ambiguous proposed future development projects which may or may not take place. Don’t stick yourself to one developer visit other developers in buying a house Or flat in India same vicinity to compare and also figure out whether or not your developer claims are true. Therefore, always take a walkaround of buying a house Or flat in India area to gauge and note down buying a house Or flat in India pluses and minuses of buying a house Or flat in India surrounding vicinity of buying a house Or flat in India property.Connectivity from buying a house Or flat in India Major Pointsconnectivity roadOne of buying a house Or flat in India major factors that you must consider while buying a house buying a house Or flat in India buying a house Or flat in India connectivity of buying a house Or flat in India place, especially from your office. Check how close and easily accessible are transportation facilities, like stations, bus stops, express highways from buying a house Or flat in India property.Since you will be traveling every day it should not happen that you end up spending hours of your life traveling from home to buying a house Or flat in India office and vice-versa. As it can drastically hamper your personal and professional life. Over and above if you bought buying a house Or flat in India place for its scenic location and features, in this case, you won’t be able to enjoy it completely buying a house Or flat in India way you intended to as you may not get enough time to experience it.Therefore, it’s highly recommended, closer buying a house Or flat in India better, look out for buying a house Or flat in India house which buying a house Or flat in India closer to your workplace so that you save time on traveling and have space to unwind individually and with your family.Rental and Re-Sale Value of buying a house Or flat in India PropertyAccounting buying a house Or flat in India rental and future resale value of buying a house Or flat in India house buying a house Or flat in India very important. Not only for those who are predominantly investing in buying a house Or flat in India property to let out or resale but also for those who usually plan to buy buying a house Or flat in India house and live in it for a long time or maybe lifelong. When you are finalizing buying a house Or flat in India house, you must consider buying a house Or flat in India future gains which you can reap out of buying a house Or flat in India property. Therefore, it’s vital to acquire a complete knowledge about buying a house Or flat in India location in which buying a house Or flat in India property buying a house Or flat in India situated.You can do reiki in buying a house Or flat in India surrounding area to inspect buying a house Or flat in India current infrastructure and also find out if there are any proposed future development plans like schools, freeways, hospitals, shopping malls, etc. to be made. Remember buying a house Or flat in India closer buying a house Or flat in India better. As your ROI will depend on buying a house Or flat in India location’s ease of accessibility to these things. It will eventually benefit you in buying a house Or flat in India longer run by fetching a good rent or resale value in buying a house Or flat in India case due to any reason you wish to do either of buying a house Or flat in India two.Fine Prints to Understand Before Buying Right PropertyOnce you are through with most of buying a house Or flat in India above points and have decided to go ahead and issue buying a house Or flat in India token amount, hang on!!! Ensure you have thoroughly read between buying a house Or flat in India fine lines and understood all buying a house Or flat in India clauses, penalties, and its implications. Make sure you have calculated buying a house Or flat in India additional expenses incurred in buying a house Or flat in India price like GST, Registration fees, home loan processing charges, etc.Also, check buying a house Or flat in India delivery date as most builders keep a buffer of approx. 6 months to 1 yr. as a grace period. In case of delay in possession, buying a house Or flat in India builder buying a house Or flat in India liable to compensate buying a house Or flat in India buyer till he fulfills his commitment. Also, check buying a house Or flat in India penalty clause in case you’re EMIs get delayed for any reason, are you liable to pay any extra charges or not? Also, figure out if there are any hidden charges that have been implied which were not mentioned during buying a house Or flat in India deal. Once you have prudently verified all buying a house Or flat in India terms and conditions in buying a house Or flat in India agreement to your satisfaction, then only sign buying a house Or flat in India final agreement.Home buying a house Or flat in India buying a house Or flat in India most valuable asset we invest in. We put most of our earnings into building it. Therefore, before investing, consider buying a house Or flat in India above points as a checklist. Also don’t hesitate to explore and compare various properties, especially if they are located within buying a house Or flat in India same vicinity. Comparing two nearby properties will give you a fair idea about buying a house Or flat in India correct pricing and offers which will help you gain a good bargain while closing buying a house Or flat in India deal with buying a house Or flat in India builder.Buying a house involves lot money, which a person has earned over a period of time. No matter what budget a person has for buying a house, for him/her it buying a house Or flat in India a huge amount. So, if it buying a house Or flat in India huge amount then it should be invested responsibly. Don’t you think? Buying a house buying a house Or flat in India not our day to day activity in which we have a lot of expertise. Therefore we much carefully look into this matter and should associate with someone who has full knowledge about it. Buying house involves lot of paper work and background check. There are two ways in which we can move ahead, first, buying a house Or flat in India by becoming an expert in it which seems very time consuming or second, buying in buying a house Or flat in India property in buying a house Or flat in India safest place.Real Estate market buying a house Or flat in India very dynamic in nature. No matter what buying a house Or flat in India buying a house Or flat in India purpose of buying a house Or flat in India individual for buying, it can be investment or self-occupancy. Either way it involves outflow of money. Buyer always wants his money to be invested in safe and secure place. This buying a house Or flat in India only possible when some of buying a house Or flat in India important things are taken care.Things Such As:Verify buying a house Or flat in India Title DeedProperty Tax ReceiptsCheck Encumbrance CertificateConversion Certificate or KLU Certificate in buying a house Or flat in India case of converted landSanctioned Building PermitCRZ Clearance certificate if applicableEnvironmental ClearanceMandatory No Objection Certificates (NOCs)/ SanctionsCheck RERA registrationOccupancy CertificateThis seems to be a lot of things. One may feel very hectic to touch all buying a house Or flat in India above-mentioned aspects but it can neither be skipped. There another simple way which can be useful for most of you. There are 4 important things which needs to be taken care for buying a house. They are:1. Pedigree of buying a house Or flat in India DeveloperWith so many Developers being unable to complete projects, going into debt, or going bankrupt, it’s more important than ever before to understand buying a house Or flat in India pace of completion of previous projects, buying a house Or flat in India financial status of buying a house Or flat in India developer, and even buying a house Or flat in India banks that are lending to them. This sort of due diligence will save you a lot of pain in buying a house Or flat in India future. Go for renowned developers with a proven track record. A reputed developer will be a member of industry associations like Confederation of Real Estate Developers Association of India (CREDAI) or buying a house Or flat in India Builder’s Association of India (BAI). These bodies have strict norms for builders and deviating from them can lead to buying a house Or flat in India company being blacklisted by buying a house Or flat in India associations.2. Legal MattersCheck to see if buying a house Or flat in India property has been authorized by buying a house Or flat in India local government and has received all NOCs such as buying a house Or flat in India IOD and buying a house Or flat in India CC from buying a house Or flat in India local authorities. Check buying a house Or flat in India land rights and records as well, to make sure everything buying a house Or flat in India above-board. You can hire a lawyer to conduct buying a house Or flat in India due diligence.3. Hidden ChargesUnderstand all buying a house Or flat in India documents in detail and raise any questions or doubts you may have. Keep in mind other charges such as GST, registration charges, etc. Check with an accountant if all buying a house Or flat in India documents are in order, and what other charges you can expect to pay.4. LocationThis isn’t a lesser-known fact, but it deserves mention because of its importance. One thing you can do buying a house Or flat in India visit buying a house Or flat in India site, and explore buying a house Or flat in India vicinity. You can also time yourself to buying a house Or flat in India main points of travel that you will be using regularly, like a metro or train line. Additionally, check buying a house Or flat in India location out at different times of buying a house Or flat in India day as well, since traffic at night will differ from that during buying a house Or flat in India day. Ideally, understand buying a house Or flat in India traffic flow around buying a house Or flat in India times you usually would leave to and get back from office.These are a few of buying a house Or flat in India several basic due-diligence tasks that must be done before signing on buying a house Or flat in India dotted line, as they will materially affect your peace of mind, and will have your financial issues in buying a house Or flat in India long run.During buying a house Or flat in India pre-RERA scenario, builder used to delay buying a house Or flat in India possession dates because of which people used to suffer a lot. As buying a house Or flat in India amount buying a house Or flat in India blocked with buying a house Or flat in India builder, they were helpless. Builder didn’t used to provide with everything which was promised and many other issues were existing which made buying a house Or flat in India buyer’s life more difficult. After RERA these things were solved, thanks to buying a house Or flat in India efforts of buying a house Or flat in India government to implement it and made buying a house Or flat in India real estate sector more transparent.1. Property documents checklistIt buying a house Or flat in India a settled legal principle that a person cannot convey a better title, than what he himself has. As a first step, buying a house Or flat in India buyer should undertake due diligence, to ascertain buying a house Or flat in India existence of buying a house Or flat in India title with buying a house Or flat in India seller, buying a house Or flat in India nature of buying a house Or flat in India title and its marketability and buying a house Or flat in India ability of buying a house Or flat in India seller to convey clear and marketable title, free from encumbrance. Documents, for a period of 30 years, if not more (and where documents are not available, for minimum period of 12 years), must be examined and buying a house Or flat in India seller may be called upon to provide buying a house Or flat in India following documents / information:Title documents of buying a house Or flat in India property: Government order for grant, succession certificate, sale deed, gift deed, will, partition deed, etc., evidencing buying a house Or flat in India transfer of title over buying a house Or flat in India years, culminating in buying a house Or flat in India vesting of property with buying a house Or flat in India seller.Nature of title: Leasehold, freehold, or development right.In case of buying a house Or flat in India seller claiming development rights to buying a house Or flat in India property, buying a house Or flat in India development agreement and power of attorney, executed by buying a house Or flat in India owners in favour of buying a house Or flat in India seller.All title documents being duly stamped and registered at buying a house Or flat in India office of buying a house Or flat in India jurisdictional sub-registrar of assurances.Khata registered in buying a house Or flat in India name of buying a house Or flat in India seller.Information on pending or past litigation.Availability of original title documents with buying a house Or flat in India seller.2. Verify buying a house Or flat in India identity of buying a house Or flat in India sellerSimilar to verifying buying a house Or flat in India title to buying a house Or flat in India property, buying a house Or flat in India buyer should also ascertain buying a house Or flat in India identity of buying a house Or flat in India seller and any specific conditions, governing buying a house Or flat in India ability of buying a house Or flat in India seller to convey buying a house Or flat in India property. The following instances may be noted for illustration:Residence status and nationality of buying a house Or flat in India seller, in case of an individual and whether consents from government authorities are required for buying a house Or flat in India sale.Identification of all owners, in case of properties held jointly.Where buying a house Or flat in India seller buying a house Or flat in India a company, trust, partnership firm, society, etc. The constitution documents of buying a house Or flat in India entity are necessary to confirm its ability to own and transfer buying a house Or flat in India property, besides ascertaining that buying a house Or flat in India person executing and registering buying a house Or flat in India sale deed buying a house Or flat in India duly authorised.Orders from buying a house Or flat in India competent court, permitting sale of buying a house Or flat in India property and appointing a guardian, where buying a house Or flat in India property buying a house Or flat in India held by a minor or person of unsound mind.3. Conversion and land-use permissionsWith increasing urbanisation and merging of revenue lands with urban conglomerates, conversion of property for non-agricultural use assumes crucial significance, since several state laws restrict purchase of agricultural property by non-agriculturists. Secondly, buying a house Or flat in India buyer must examine buying a house Or flat in India Master Plan and satisfy that buying a house Or flat in India property buying a house Or flat in India developed in accordance with buying a house Or flat in India zoning plan – such as residential, commercial, industrial, public/semi-public, parks and open spaces, etc. Where actual use buying a house Or flat in India different from buying a house Or flat in India notified zoning, obtaining orders from buying a house Or flat in India Town Planning Authority permitting change of land use, buying a house Or flat in India mandatory.4. Construction approvalsFor purchase of apartment or land with constructed building, buying a house Or flat in India buyer should also scrutinise buying a house Or flat in India building plan / layout plan sanctioned by buying a house Or flat in India local municipal authorities, along with approvals issued by government, statutory and regulatory authorities, for providing infrastructure facilities, water, sewage, electricity, environmental clearance, fire safety approval, etc.5. Occupancy certificateIt buying a house Or flat in India mandatory for buying a house Or flat in India seller to obtain buying a house Or flat in India occupancy certificate from buying a house Or flat in India competent authority, prior to conveying buying a house Or flat in India property. Use of buying a house Or flat in India property, without obtaining occupancy, exposes buying a house Or flat in India buyer to penalty under buying a house Or flat in India applicable building bye-laws, besides buying a house Or flat in India risk of demolition of buying a house Or flat in India property.6. Status of tax paymentNon-payment of property taxes constitute a charge on buying a house Or flat in India property, affecting its marketability. So, buying a house Or flat in India buyer must verify with buying a house Or flat in India municipal authorities that buying a house Or flat in India seller has not defaulted on payment of property taxes.Do ask for buying a house Or flat in India receipts of all utility bills from buying a house Or flat in India seller. Please note here that once buying a house Or flat in India property buying a house Or flat in India transferred in your name, you will be liable to pay all pending dues against buying a house Or flat in India property, utility or otherwise.7. EncumbranceSearches at buying a house Or flat in India jurisdictional sub-registrar office or buying a house Or flat in India official web portal of buying a house Or flat in India Ministry of Corporate Affairs (if buying a house Or flat in India seller buying a house Or flat in India a company) will reveal information of any registered encumbrance on buying a house Or flat in India property. By way of caution, buying a house Or flat in India purchaser may also issue public notice in newspapers, prior to completing buying a house Or flat in India transaction, calling for claims from interested third parties, if any.8. Physical survey and access to buying a house Or flat in India propertyThe buyer may undertake a physical survey and confirm buying a house Or flat in India extent and measurement of buying a house Or flat in India property. In buying a house Or flat in India case of land, it buying a house Or flat in India advisable to identify and demarcate buying a house Or flat in India boundaries and access to buying a house Or flat in India property and further, ascertain any other physical attributes that may impede enjoyment of buying a house Or flat in India property.9. Compliance under buying a house Or flat in India Real Estate (Regulation and Development) Act, 2016 (RERA)The RERA mandates that developers should register their projects with buying a house Or flat in India authority constituted under buying a house Or flat in India Act. A buyer, intending to buy a property in a project coming under buying a house Or flat in India ambit of buying a house Or flat in India RERA buying a house Or flat in India advised to verify whether property has been registered with buying a house Or flat in India authority. Information available on buying a house Or flat in India official web portal of RERA for each state also provides details of any cases / complaints filed against buying a house Or flat in India developer of buying a house Or flat in India project and default by developer, if any and thus, provides useful insight into buying a house Or flat in India credibility of buying a house Or flat in India developer and buying a house Or flat in India project and helps buying a house Or flat in India buyer make an informed choice.Buyers should take note of buying a house Or flat in India fact that buying a house Or flat in India law mandates that all real estate brokers should also be registered with buying a house Or flat in India state RERA, in order to operate legally. Hence, hire a property broker, only after asking for his RERA registration. Also, note that agents need to get their RERA registrations renewed, periodically. Ensure that you are dealing with buying a house Or flat in India right person. One of buying a house Or flat in India biggest benefits of having a regulatory body buying a house Or flat in India that it requires a standard process of operation and violators are penalised.Risks of proceeding with a property purchase without due diligenceUnless you are absolutely certain of buying a house Or flat in India credentials of buying a house Or flat in India seller and his ownership over buying a house Or flat in India asset buying a house Or flat in India duly testified by documentary proof, a buyer should avoid getting into a deal, irrespective of how lucrative it might seem. Sometimes, people try to sell disputed properties at low prices. This prospect might seem attractive in buying a house Or flat in India beginning but would eventually prove to be a major headache. Also, never engage with a seller who wants you to use unaccounted money to make buying a house Or flat in India purchase in order to save taxes. This could also lead to a lot of future troubles.Some quick tips for buyers:Never agree to sign on buying a house Or flat in India dotted line, without doing your own research.Even if an agent or a developer buying a house Or flat in India recommended by people know to you, check their RERA ID and registration.Never agree to offer money in black, in lieu of tax discounts.Do not agree to buy/sell a property on someone else’s behalf.Should I check buying a house Or flat in India PoA?PoA stands for Power of Attorney and this buying a house Or flat in India a legal instrument that gives another person buying a house Or flat in India authority to act as a legal owner, on behalf of buying a house Or flat in India actual owner. If you are buying a property, make sure that you check these documents, to ascertain buying a house Or flat in India rights of buying a house Or flat in India PoA holder.Do banks do due diligence on buying a house Or flat in India buyer’s behalf?If you are a prospective home buyer, who has submitted their documentation and papers with a bank and looking forward to your home loan being sanctioned, rest assured, your bank will do buying a house Or flat in India due diligence. However, do not leave it to buying a house Or flat in India bank altogether. The number of property-related cases that find their way into Indian courts every year, buying a house Or flat in India a reminder that one must be careful throughout buying a house Or flat in India home buying journey.Buying a house buying a house Or flat in India one of buying a house Or flat in India most important decisions in life. Having a house, which you can call your own, buying a house Or flat in India a dream fulfilled. However, before you choose that right flat in Mumbai for yourself, there are certain things that you need to keep in mind. You need to tick off these parameters before you sign buying a house Or flat in India agreement.Here are buying a house Or flat in India 5 points which you need to evaluate before you buy a house.1. LocationIt buying a house Or flat in India of paramount importance that you take into account buying a house Or flat in India locality you will be living in. You need to evaluate it for buying a house Or flat in India following factors:Living in a prime locality with good connectivity and amenities buying a house Or flat in India crucial. If you plan to spend some years living in this locality, then make sure it has all buying a house Or flat in India above factors.2. AmenitiesAmenities define how comfortable your life will be. If you live in a locality where there are no basic facilities such as hospitals or schools, then it buying a house Or flat in India time you switch and buy a new home in a better place. Amenities also mean, buying a house Or flat in India facilities provided by buying a house Or flat in India real estate developer and not just in buying a house Or flat in India locality you live in.3. Investment PerspectiveYour perspective of buying a home buying a house Or flat in India important to consider before buying a house Or flat in India purchase. Whether you are purchasing a flat only as an investment in real estate or you want to live here buying a house Or flat in India a question you need to answer and purchase accordingly. Before you think of how to buy your first home or how to invest in real estate, you need to keep in mind buying a house Or flat in India below vital points:1. Total CostCalculate buying a house Or flat in India total cost of buying a house Or flat in India property. Brokers might only give you a basic cost but you also need to consider buying a house Or flat in India following:Service taxThe final cost of buying a house Or flat in India property will be buying a house Or flat in India total of all buying a house Or flat in India above charges.2. Buy or RentWhen you think from an investment perspective then you need to decide whether you want to buy buying a house Or flat in India property to reside or you want to put it up for rent.4. Real Estate DeveloperChoosing buying a house Or flat in India right real estate developer buying a house Or flat in India buying a house Or flat in India key to purchase buying a house Or flat in India ideal home. Credible real estate builders are buying a house Or flat in India ones who are transparent and comply with all buying a house Or flat in India laws. Below mentioned are buying a house Or flat in India pre-requisites you need to check while buying a house from a real estate developer:Check buying a house Or flat in India title deed of buying a house Or flat in India plan.If you are buying a property in resale, then check for buying a house Or flat in India release certificate. You also need to ask for property tax receipts to ensure there are no pending bills.Verify buying a house Or flat in India land use as per buying a house Or flat in India city master plan. You can get this information from buying a house Or flat in India local office body in buying a house Or flat in India city.You need to check whether buying a house Or flat in India builder has approvals from buying a house Or flat in India local development corporation.The developer also needs to have buying a house Or flat in India required RERA registration. If you are looking for a property in areas such as Navi Mumbai then along with RERA, buying a house Or flat in India projects by buying a house Or flat in India developer also need to fall under buying a house Or flat in India CIDCO rules and regulations.5. Home Type & SizeHome type buying a house Or flat in India where you decide buying a house Or flat in India area, buying a house Or flat in India type (duplex, penthouse), etc. This also includes common areas such as lobby area, staircase, etc. There buying a house Or flat in India a difference between buying a house Or flat in India super-built up area and buying a house Or flat in India carpet area. If you are in need of two bedroom apartments or any such specific requirements, then you should consider buying a house Or flat in India carpet area while buying a house. Indiabulls Real Estate provides apartments, duplex homes and luxury homes ranging from 1 BHK to 5 BHK in prominent localities in Mumbai.6. Payment Plans And SchemesTo attract prospective homebuyers, real estate developers also have different payment plans and schemes. The real estate developers have offered subvention schemes, Possession-Linked Plans, Standard-Deferred payment plans, etc as few types of payment plans. Here buying a house Or flat in India important to note that a homebuyer needs to understand these type of payment plans before taking buying a house Or flat in India decision.Indiabulls Real Estate buying a house Or flat in India currently offering a payment scheme for their residential property in Thane. If you want to buy a flat at One Indiabulls Thane, then you can pay 10% of buying a house Or flat in India payment while booking buying a house Or flat in India house and pay buying a house Or flat in India remaining amount, in slabs of 20%, 30% and 40%, later.Buying luxury homes buying a house Or flat in India an investment, which buying a house Or flat in India crucial to increase your standard of living. The above-mentioned points can help you make buying a house Or flat in India right decision. At Indiabulls Real Estate, if you want to buy a property then you are provided with all buying a house Or flat in India required information and all your queries are patiently answered by our sales executives. So take buying a house Or flat in India step and purchase buying a house Or flat in India dream home you always wanted.Launch of buying a house Or flat in India new RERA guidelines and regulations coupled with buying a house Or flat in India RBI’s decision to keep buying a house Or flat in India repo rates unchanged or at minimum have helped bolster buying a house Or flat in India buying and selling equation among home buyers, real estate developers and investors at large by assuring delivery of affordable development and housing, improving buying a house Or flat in India market sentiment in a big way. When it comes to investing in a home, a buyer’s decision buying a house Or flat in India based on who gives him value for money by addressing customized requirements at an affordable price point. Though this buying a house Or flat in India a good way of looking at property investments, buyers should also adopt a long-time perspective to ensure buying a house Or flat in India accruement of maximum benefits.There are various factors like personal priorities, future planning, pricing, location, amenities, market forecast, convenience, discounts and offers, quality and credibility of buying a house Or flat in India developer, and lifestyle, among others, that influence an individual when making buying a house Or flat in India final buying decision. Some of buying a house Or flat in India key factors that contribute immensely to purchase decisions are elaborated below.RELATED NEWSGeneral Insurance: Premium growth at 7% in FY21 due to retail health, fireEmbedded Value: Life & health insurance more critical todayPricing: In a price-conscious country like India, buying a house Or flat in India price of a property plays a key role in buying a house Or flat in India final buying decision. Being a capital-intensive buy, pricing of buying a house Or flat in India property directly affects an individual’s finances in buying a house Or flat in India long term, making them more vigilant and careful. Buyers look for buying a house Or flat in India maximum value for money and try to cover as many amenities and services when making buying a house Or flat in India final purchase. It buying a house Or flat in India important to check for costs that are beyond buying a house Or flat in India overarching cost. It buying a house Or flat in India especially critical for individuals purchasing with loans to ensure buying a house Or flat in India underlying costs like maintenance, utilities, bills, travel, and others are well budgeted and accounted for before investing.Amenities and Comfort: When purchasing, many consumers look for properties in localities and cities where they see professional growth, lifestyle maintenance and ease of reach. The trend of residential colonies buying a house Or flat in India fast taking precedence with their myriad integrated amenities like swimming pools, recreational areas, designated sports facilities, clubhouses, groceries, general stores, hospitals and other convenience factors. Individuals look for a community home of likeminded individuals. It buying a house Or flat in India important to ensure buying a house Or flat in India basic essentials are within buying a house Or flat in India reach when buying a property, more when buying a house Or flat in India purchase buying a house Or flat in India for personal use.Market Forecast: Since buying a property buying a house Or flat in India most often a future planning investment, it buying a house Or flat in India essential that consumers are well versed of buying a house Or flat in India market, economy and local forecast. Property, if invested right, will prove to be a beneficial spend, providing appreciation through buying a house Or flat in India years.Quality and Credibility of Developer/Seller: When investing, it buying a house Or flat in India paramount you do a thorough research on buying a house Or flat in India seller or developer you are going to buy buying a house Or flat in India property from. With buying a house Or flat in India recent RERA guidelines and regulations, buying properties with cleared paperwork and permissions has become more reliable. However, it buying a house Or flat in India also important to do a reference and review check before investing. Buyers should consider projects by reputed sources with an established financial statue and reputed track record. They should also have buying a house Or flat in India capacity to comply with RERA norms.Additional Perks: Post vetting, look for additional perks and incentives when buying. One of buying a house Or flat in India most obvious are buying a house Or flat in India discounts and savings offered by developers and realtors during buying a house Or flat in India festive season. Some even offer perks and incentives like free parking, waived off registration fees, and more. Only after a comparative study of these additional ones, you should go ahead and book a property.Thinking of buying a new home? One of buying a house Or flat in India prime considerations while purchasing a home buying a house Or flat in India located. Most new apartments or plots are available in city, suburbs or in buying a house Or flat in India outskirts, which may be inconvenient if you have a long commute to your work or for your child’s school; this often means that purchasing an existing built up home (resale home) may be a better option. Also, most infrastructure in developed areas buying a house Or flat in India already in place; that means you will not have to struggle to locate a market, banks, schools, hospitals and other critical facilities. There buying a house Or flat in India also another upside to buying a resale property – you do not have to wait for construction to be completed to move in but can enjoy immediate possession of buying a house Or flat in India property in your preferred location.If you are thinking of buying a resale property, you should keep these important factors in mind:Thinking of buying a new home? One of buying a house Or flat in India prime considerations while purchasing a home buying a house Or flat in India located. Most new apartments or plots are available in city, suburbs or in buying a house Or flat in India outskirts, which may be inconvenient if you have a long commute to your work or for your child’s school; this often means that purchasing an existing built up home (resale home) may be a better option. Also, most infrastructure in developed areas buying a house Or flat in India already in place; that means you will not have to struggle to locate a market, banks, schools, hospitals and other critical facilities. There buying a house Or flat in India also another upside to buying a resale property – you do not have to wait for construction to be completed to move in but can enjoy immediate possession of buying a house Or flat in India property in your preferred location.If you are thinking of buying a resale property, you should keep these important factors in mind:AGE OF THE PROPERTYYou should avoid buying very old property (of age greater than 50 years or more) since buying a house Or flat in India building may have structural problems and may require extensive repairs, renovation or even redevelopment in some cases. If buying a house Or flat in India refurbishing or redevelopment of buying a house Or flat in India building requires you to rent a home for an extended period of time, it will be inconvenient and you will also face buying a house Or flat in India hassle of shifting homes or renewing rent agreements repeatedly since most such agreements are valid only for 11 months. It buying a house Or flat in India best to buy a fairly new property so that you do not face any hassles.EXISTING MORTGAGEYou should check whether there buying a house Or flat in India an existing mortgage on buying a house Or flat in India property where an outstanding amount buying a house Or flat in India payable to a lender. Before you buy a property always do due diligence by insisting on buying a house Or flat in India original documents of a property. If buying a house Or flat in India seller only has copies, it may mean that buying a house Or flat in India originals are with a lender. If you are applying for a home loan yourself to purchase your resale property, make sure you work with your own lender to conduct proper checks on documents.TRANSFER OF PROPERTY AND RE-REGISTRATIONWhile buying a resale property, you will need to pay transfer and registration fees. In some jurisdictions, it can be a hefty amount and can wipe out any benefit of buying a resale property.UTILITY TRANSFER FEESIn case of certain buildings or areas, you need to pay for buying a house Or flat in India transfer of utilities in your name; this means paying deposits or transfer fee or both for electricity, gas etc.BROKERAGEPurchasing a resale property buying a house Or flat in India usually done through a property consultant, which means that you may have to pay consultancy charges or a brokerage. If you buy a new property from a developer, no such charge buying a house Or flat in India payable. However, keep in mind that a professional property consultant buying a house Or flat in India not only resourceful, but can also significantly cut down your work related to buying a resale property.EXPENSES FOR REPAIRS AND RENOVATIONWhen buying a resale house, you may need to paint, refurbish or even renovate it. This could either be because buying a house Or flat in India property needs maintenance or simply because you want your new home to be well suited to your requirements. Make sure you do a proper assessment of buying a house Or flat in India costs that will be involved, well before you buy buying a house Or flat in India house.FACILITIES AND AMENITIESWhen buying an older property, you may not have access to amenities such as a club, gym, pool, sufficient parking space, etc. which may be available in a new property. You will also need to make sure that buying a house Or flat in India basic necessities are in good order – regular and hygienic water supply, good sewage facilities, security, sufficient parking, uninterrupted electric supply, etc.PROPERTY VALUATIONAn independent valuation of buying a house Or flat in India property buying a house Or flat in India vital before your lender’s technical experts value it. You may be offered a smaller loan amount because of buying a house Or flat in India difference between buying a house Or flat in India lender’s valuation and prevailing market prices, thus requiring you to make a larger down payment.SPECIFIC ASPECTS RELATED TO DIFFERENT STRUCTURESWhen buying a resale property, you need to keep in mind where you are buying buying a house Or flat in India property and what kind of property you are opting for. You could be purchasing an independent house or a flat in a housing society – both of these have very different consequences attached to them. Here buying a house Or flat in India what you need to know about buying a home in various types of developments.IN CASE OF A CO-OPERATIVE HOUSING SOCIETY:When purchasing a home in a society, you must ensure that buying a house Or flat in India society buying a house Or flat in India functioning smoothly and there are no major discords or disputes among its various members.PAYMENT TO BE MADE TO THE SOCIETYIt buying a house Or flat in India pertinent to know that you need to pay buying a house Or flat in India society to transfer buying a house Or flat in India property in your name in buying a house Or flat in India society’s books.NO OUTSTANDING SOCIETY FEESEnsure that there buying a house Or flat in India no outstanding society fees payable by buying a house Or flat in India existing owner.You should conduct a background check on who buying a house Or flat in India neighbours are and how active buying a house Or flat in India society buying a house Or flat in India.IN CASE OF AN APARTMENT OWNERS’ ASSOCIATION:When purchasing a home in a society, you must ensure that buying a house Or flat in India society buying a house Or flat in India functioning smoothly and there are no major discords or disputes among its various members.ASSOCIATION FORMATIONIn most cases, builders are supposed to form buying a house Or flat in India association within 4 months of buying a house Or flat in India sale of 60 percent of available flats. You must ensure that such provisions have been followed if you are buying a relatively new flat.FEES AND CHARGESApartment Owners’ Associations can levy charges per square foot, a flat monthly rate or a partial flat rate. Ensure that buying a house Or flat in India previous owner has paid up his charges before you move in.BE AWARE OF RULES AND REGULATIONSIf you plan to buy two apartments and combine them or want to make renovations like having a new bathroom put in, you must ensure that your plans are in line with buying a house Or flat in India regulations laid down by buying a house Or flat in India Apartment Owners’ Association.IN CASE OF A DEVELOPMENT AUTHORITY SETTLEMENT:Various states have different property development authorities, which are run by respective state governments such as Punjab Urban and Development Authority (PUDA), Delhi Development Authority (DDA) and Maharashtra Housing and Development Authority (MHDA) etc. When buying a property from them, you should keep buying a house Or flat in India following aspects in mind:CHECK FOR THE AGE OF THE FLATCheck buying a house Or flat in India property’s age, quality of construction and how long buying a house Or flat in India property has been lived in.RESALE RESTRICTIONSMany State Development Authorities impose either a time-barred restriction in which case a property owner can’t sell a home for a number of years, or they explicitly state that buying a house Or flat in India property can’t be sold in buying a house Or flat in India open market. Ensure you check with your respective authority for their rules regarding buying a house Or flat in India resale of property.ILLEGAL CONSTRUCTIONMake sure you check for any illegal modifications, alterations and renovations. You should only buy an apartment in which such modifications can be regularized or you should buy an unaltered property.IN CASE OF A PRIVATELY BUILT UP HOME:Many people prefer buying an independently built home. In such a scenario, you should take care of these factors:CHECK FOR PROPERTY AGECheck buying a house Or flat in India property’s age and condition. You can buy a partially built house or a completely constructed building.CHECK FOR COST OF OWNERSHIPCheck for stamp duty, transfer fee and other charges because they can add up significantly to buying a house Or flat in India cost of ownership for resale properties.CLEAR TITLEIn case of private homes, you must ensure that buying a house Or flat in India building’s title buying a house Or flat in India clear of legal encumbrances like litigation, mortgages or pledging. You should also make sure that you are not buying a disputed property.PREVIOUS LOANCheck for outstanding loans against buying a house Or flat in India property if buying a house Or flat in India existing owner has taken a housing loan. Insist on being given buying a house Or flat in India original documents.DOCUMENTS FOR HOME LOANChecking documentation thoroughly buying a house Or flat in India buying a house Or flat in India most critical aspect of buying a house Or flat in India purchase of a resale property. If you do your homework on checking documents, you will also be more prepared to apply for a home loan. It’s advisable to use buying a house Or flat in India services of a property lawyer to do so. The lawyer will also be useful for completing buying a house Or flat in India paperwork pertaining to your purchase. Make sure that buying a house Or flat in India seller produces all documents in original. Don’t commit to buying a house Or flat in India seller your intention to buy buying a house Or flat in India house or pay buying a house Or flat in India token amount till buying a house Or flat in India necessary documents are available. The following documents must be provided:DOCUMENTS COMMON TO ALL CONFIGURATIONSOriginal sales deed and documentation indicating chain of ownership of property since it was constructed. All sales deeds of previous owners should be adequately registered and stamped as per regulations. The property should have a clear and marketable title with no encumbrances.GET YOUR HOME LOAN PRE-APPROVEDTime buying a house Or flat in India of buying a house Or flat in India essence in a resale transaction, particularly when you are buying another property and are dependent on buying a house Or flat in India finances from buying a house Or flat in India current property to be able to proceed with buying a house Or flat in India purchase of buying a house Or flat in India new house. You should therefore get your home loan pre-approved. A pre-approved home loan helps you negotiate better and close buying a house Or flat in India deal faster. In fact, it guards you against buying a house Or flat in India fear of losing a good deal. Taking a home loan for a resale property also helps you get a property on which buying a house lender has done a due diligence before disbursing buying a house Or flat in India loan.